EDUCATIONAL PROGRAMS MASTER FRANCE : revenue, balance sheet and financial ratios

In 2025, EDUCATIONAL PROGRAMS MASTER FRANCE achieves revenue of 13.1 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +18.3%. Vs 2024: +3%. After deducting consumption (0 €), gross margin stands at 13.1 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.0 M€, representing 15.5% of revenue. Warning negative scissor effect: despite revenue change (+3%), EBITDA varies by -20%, reducing margin by 4.4 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.5 M€, i.e. 34.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 13%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 82%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 49.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 389.94. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 20.7x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 164 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 98 days. The gap of 66 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 196 days of revenue, i.e. 7.1 M€ to permanently finance. Over 2016-2025, WCR increased by +461%, requiring additional financing.

Based on 134 transactions of similar company sales (all years), the value of EDUCATIONAL PROGRAMS MASTER FRANCE is estimated at 6 285 133 € (range 2 265 684€ - 22 935 626€). With an EBITDA of 2 034 899€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.36x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.